Brazil Functional Ingredients Market Size & Outlook
Brazil functional ingredients market, 2016-2027 (US$M)
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Brazil functional ingredients market highlights
- The Brazil functional ingredients market generated a revenue of USD 4,942.7 million in 2019 and is expected to reach USD 8,171.2 million by 2027.
- The Brazil market is expected to grow at a CAGR of 6.5% from 2020 to 2027.
- In terms of segment, pobiotics was the largest revenue generating product in 2019.
- Rice protein is the most lucrative product segment registering the fastest growth during the forecast period.
Functional ingredients market data book summary
| Market revenue in 2019 | USD 4,942.7 million |
| Market revenue in 2027 | USD 8,171.2 million |
| Growth rate | 6.5% (CAGR from 2019 to 2027) |
| Largest segment | Pobiotics |
| Fastest growing segment | Rice protein |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Maltodextrin, Pobiotics, Polydextrose, Modified starch, Pectin, Omega-3 (EPA, DHA,ALA), Omega-6, Conjugated linoleic acid, Rice protein, Protein hydrolysate, Mung bean protein |
| Key market players worldwide | Archer-Daniels Midland Co, Ingredion Inc, Cargill, Tate & Lyle PLC, Golden Agri-Resources Ltd, FMC Corp, Nanobiotix SA ADR, Traeger Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 7.7% of the global functional ingredients market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil functional ingredients market is projected to lead the regional market in terms of revenue in 2027.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 8,171.2 million by 2027.
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Functional Ingredients Market Scope
Functional Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil functional ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to functional ingredients market will help companies and investors design strategic landscapes.
Pobiotics was the largest segment with a revenue share of 52.39% in 2019. Horizon Databook has segmented the Brazil functional ingredients market based on maltodextrin, pobiotics, polydextrose, modified starch, pectin, omega-3 (epa, dha,ala), omega-6, conjugated linoleic acid, rice protein, protein hydrolysate, mung bean protein covering the revenue growth of each sub-segment from 2016 to 2027.
Brazil is one of the dominant markets for food & beverage in Central & South America. The increased adoption of functional food and beverages in Brazil is expected to propel the market growth over the forecast period. Since Brazil is one of the major rice producers in the world, the availability of raw materials such as modified starch and rice protein is high. This is expected to contribute to the growth of the modified starch and rice protein market.
Most of this population resides in urban areas, which has led to a rise in demand for convenience food, organic food, and functional food products in the economy. Moreover, the increasing purchasing power of consumers coupled with high employment rates of women in the economy is expected to boost the growth of dietary essentials over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil functional ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Brazil functional ingredients market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Brazil functional ingredients market size, by product, 2016-2027 (US$M)
Brazil Functional Ingredients Market Outlook Share, 2019 & 2027 (US$M)
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